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Musicmatch and RIAA Sign Webcast Licensing Deal(July 17, 2001)
MUSICMATCH has been operating its MUSICMATCH Radio service since November 2000 under the statutory webcasting license provided by the 1998 Digital Millennium Copyright Act (DMCA). MUSICMATCH's agreement with the RIAA establishes terms for the webcasting of music performances on the MUSICMATCH Radio service under the DMCA statutory license.
"MUSICMATCH's agreement with the RIAA allows us to offer a uniquely compelling music experience to our users and provides fair compensation for artists and labels," said Dennis Mudd, co-founder and CEO of MUSICMATCH, Inc. "This agreement ensures that MUSICMATCH Radio will continue to evolve as an exciting music discovery experience for consumers and a powerful promotional vehicle for the music industry."
"This license agreement confirms that the needs of on-line music lovers do not have to come at the expense of artists and copyright holders," said Hilary Rosen, president and CEO of the RIAA. "Our license agreement with MUSICMATCH also shows that the business of music distribution on the Internet is moving in a positive direction. We look forward to working with MUSICMATCH as they continue to offer compelling Internet radio for consumers."
MUSICMATCH Radio is currently one of the most popular radio networks on the Internet, streaming more than 4.0 million Aggregate Tuning Hours of music programming to 828,000 unique listeners each month. MUSICMATCH Radio MX, the company's premium music subscription service has also achieved early success with music fans, attracting more than 12,500 subscribers since it's introduction two months ago.
About MUSICMATCH, Inc.
MUSICMATCH, Inc., founded in 1997 and based in San Diego, is a recognized leader in developing personalized music software and services that let people find and listen to the music that best matches their unique tastes. The company invented the digital music jukebox in 1997, and since then has registered more than 20 million users of its MUSICMATCH Jukebox software program. MUSICMATCH Jukebox is the world's most popular jukebox software program, used each month by more than four million people in the U.S. and more than nine million people worldwide. MUSICMATCH is a privately held company with significant investment from Intel Capital, Redpoint Ventures and Thomson Multimedia. For additional information on MUSICMATCH, visit www.musicmatch.com.
The Recording Industry Association of America is the trade group that represents the U.S. recording industry. Our mission is to foster a business and legal climate that supports and promotes our members' creative and financial vitality. Our members are the record companies that comprise the most vibrant national music industry in the world. RIAA members create, manufacture and/or distribute approximately 90 percent of all legitimate sound recordings produced and sold in the United States. The RIAA's goals for the new millennium are to work with our industry and others to enable technologies that open up new opportunities but at the same time to protect the rights of artists and copyright owners.
Related Keywords:Recording Industry Association of America, music performances broadcast, webcasting, radio,
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